Leveraging Research and Development Tax Credits for Innovation

As a territory of the United States, Puerto Rico businesses and citizens have all the legal rights afforded by the Constitution whilst having several unique advantages including operating within an autonomous tax jurisdiction. To incentivize economic development on the island, the Government of Puerto Rico has enacted tax laws and economic funding programs to reduce taxes, subsidize operations, and promote investment. 

Some of the incentives in Puerto Rico include: 

• 50% reimbursement on R+D expenses (via monetizable tax credits)
• 20% to 50% cash grants on equipment, infrastructure, and employees
• 4% flat corporate tax (1.0% for novel industries)
• 0% rate on dividend distributions
• 75% property tax exemption
• 75% construction tax exemption
• 50% municipal license tax exemption
• 50% exemption on other municipal taxes
• 'Made in USA’ manufacturing

In this masterclass, DECA Analytics co-founder and partner Colton Wandke will share a comprehensive guide on how to access research and development tax credits. He will cover the requirements, delve into relevant regulations, share successful case studies, and answer your questions.